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@Exoticktrades Where can one ingest open interest data in the form of a profile or footprint chart?
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Identifying weakness
here I explain how an open interest profile can highlight early weakness in a trend...
1. In an uptrend, you look for new long positions; in a downtrend, new short positions.
2. These positions defend the trend by adding liquidity and creating buy/sell walls.
3. If the price moves against these positions, traders may close them, triggering momentum in the opposite direction.
4. As fewer orders defend the trend, it becomes easier for the price to reverse.
5. Use long exit vs. new long profiles for uptrends and new short vs. short exit profiles for downtrends.
6. Profiles are most effective when there’s a clear area where most new positions have opened.
(6/8)

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@thetastowe42 Honestly Stowe that was a banger joke and I probably missed it because I was answering a DM about “what are your settings bro”
Such is life.
You did nail that trade while I properly piked the same setup.
💙🥃
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from now on, whenever people ask me what it's like to be a trader, i'm just going to send them this @leothetiger :
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@leothetiger @tradertryhard Leo would you be kind enough to send this my way as well? I love love love your presentation
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@AMtrader24 @orderflowlabs Is the volume profile also orderflow labs? Looks great!
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